Sell a Domain a Day and Make $75k
I posted a sample sales email to an end user that I’ve used successfully in the past, and I am sure a few people thought my $400 price was probably too low. “Hey – you’re selling a domain name to an end user – an attorney no less. You should charge them more money!” Yeah, perhaps the people who say this are right, but below is a little perspective.
Say you buy a name like this every day, five days a week for $100 each. At the same time, every day, five days a week, you sell one similar domain name for $400. Each domain name you sell will yield $300 in profit (minus taxes of course). At the end of a year, not including 104 weekend days that you don’t sell a domain name, you would make $78,300 in profit.
This might not be a lot of money to everyone, but it sure would be a great revenue stream to have. Sure, there will always be names that won’t sell, but if you can focus on selling one targeted geographic keyword domain name, or a category defining domain name in a small industry, you can make some real money if you do this consistently – maybe even more than $300 on some of the names.
The key thing is knowing what’s a valuable name and what isn’t valuable. If you are just guessing, you will likely lose money. The smart thing to do is really do your homework. Research what other domain names professionals in those industries use for their websites, like cityAttorney.com for example, and buy similar names as they come on the market. This will give you the biggest clues about the buying habits of others.
This is more theory than practice. I haven’t done this exact thing, but did similar sales when I started in the domain industry several years ago. I’ve also had luck recently selling names for good profit margins similar to what I outlined above. There are also some interesting comments to consider below.
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